Morgan Stanley Reiterates Overweight on Teck Resources, Maintains $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has reiterated an Overweight rating on Teck Resources (NYSE:TECK) and maintained a $53 price target.
July 31, 2023 | 2:13 pm
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Morgan Stanley has reiterated an Overweight rating on Teck Resources and maintained a $53 price target, indicating a positive outlook for the company.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. The maintained price target of $53 indicates that the analyst sees potential for the stock's price to increase.
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